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Walmart is said close to $12 billion-plus deal for FlipKart

Walmart Inc. is close to finalizing a deal to buy a majority stake in India‚Äôs leading e-commerce company for at least $12 billion and may complete the agreement in the next two weeks, according to people familiar with the matter......»»

Category: topSource: moneycentralApr 23rd, 2018

Walmart Cuts Earnings Forecast on Flipkart Deal

Walmart is cutting its earnings targets for the year as part of its purchase of a majority stake in Flipkart......»»

Category: smallbizSource: wsjOct 16th, 2018

Walmart Sheds Majority Stake in Brazilian Stores

Walmart has agreed to sell an 80% stake in its Brazilian business to private equity firm Advent International. The retailer will take a non-cash writed down of about $4.5 billion on the deal......»»

Category: blogSource: 247wallstJun 4th, 2018

Walmart Sheds Majority Stake in Brazil Operation

Walmart has reached a deal to sell a majority of its Brazil operations to private-equity firm Advent International, as the global retail giant scales operations in markets where it has struggled......»»

Category: smallbizSource: wsjJun 4th, 2018

Walmart sells majority of Brazil unit, takes $4.5 billion charge

NEW YORK/SAO PAULO (Reuters) - Walmart Inc said on Monday that it has sold an 80 percent stake in its Brazilian operations to private equity firm Advent International, exiting an underperforming business in its third major international deal since April......»»

Category: topSource: reutersJun 4th, 2018

Amazon may buy 10% in Future Retail for $600 mn, expand offline retail biz

The move comes days after Walmart acquired a majority stake for $16 billion home-grown e-commerce firm Flipkart at a valuation of around $20 billion......»»

Category: topSource: business-standardMay 22nd, 2018

Walmart to pay $16 billion for control of India"s Flipkart, shares slide

NEW YORK/MUMBAI (Reuters) - Walmart Inc said on Wednesday it will pay $16 billion for a roughly 77 percent stake in Indian e-commerce firm Flipkart, the U.S. retailer's largest-ever deal as it competes with Amazon.com Inc in an important growth market......»»

Category: topSource: reutersMay 9th, 2018

Walmart to buy controlling stake in India"s Flipkart for $16 bln

MUMBAI/NEW YORK (Reuters) - Walmart Inc will pay $16 billion for a roughly 77 percent stake in Indian e-commerce firm Flipkart, the U.S. retailer's largest-ever deal, in an attempt to compete with rival Amazon.com Inc in a key growth market......»»

Category: topSource: reutersMay 9th, 2018

Have Walmart, Flipkart Tied the Knot?

Walmart and Flipkart have reportedly agreed on a deal that would give Walmart a 75% stake in India's leading e-commerce firm for an investment of $15 billion......»»

Category: blogSource: 247wallstMay 4th, 2018

Flipkart yet to finalize stake sale deal with Walmart: sources

MUMBAI/BENGALURU (Reuters) - Indian e-commerce firm Flipkart's board is yet to finalize a deal to sell a stake to Walmart Inc, two sources with direct knowledge of the matter said on Friday, adding that a deal could just be days away......»»

Category: topSource: reutersMay 4th, 2018

India"s Flipkart approves $15 billion stake sale to Walmart-led group: Bloomberg

MUMBAI (Reuters) - Indian e-commerce firm Flipkart's board has approved a deal to sell an equity stake of about 75 percent in the company to a group led by Walmart Inc for about $15 billion, Bloomberg reported on Friday, citing unnamed sources......»»

Category: topSource: reutersMay 4th, 2018

Flipkart close to sealing $12-bn deal with Walmart: Pact in two weeks

Among the issues still to be resolved are whether Flipkart's founders will lead the business after the purchase, how much each existing investor sells and what Walmart's final stake will be.....»»

Category: topSource: business-standardApr 23rd, 2018

Walmart lowers earnings forecast, details its plan for the future at shareholders meeting

Walmart beat out Amazon in a race for e-retailer Flipkart, paying $16 billion for a majority stake in the Indian online retailer......»»

Category: topSource: washpostOct 16th, 2018

Bain Capital to buy majority stake in Rocket Software

IT services company Rocket Software said on Monday private equity firm Bain Capital had agreed to take a majority stake in the privately held firm in a deal valued at about $2 billion......»»

Category: topSource: reutersOct 8th, 2018

Thomson Reuters closes deal with Blackstone

Thomson Reuters Corp said on Monday it had completed the sale of a majority stake in its Financial & Risk (F&R) unit to private equity firm Blackstone Group LP ......»»

Category: topSource: reutersOct 1st, 2018

MKM Partners lowers Walmart EPS target on confirmed majority Flipkart stake

See the rest of the story here. Theflyonthewall.com provides the latest financial news as it breaks. Known as a leader in market intelligence, The Fl.....»»

Category: blogSource: theflyonthewallAug 21st, 2018

Zum Bar-maker Indigo Wild sells majority stake to PE firm

Kansas City's Indigo Wild, which has built an unwavering following with its organic and natural products for the home and body, has sold a majority stake to private equity firm Hammond Kennedy Whitney & Co. Inc. (HKW). Financial details of the deal, whic.....»»

Category: topSource: bizjournalsAug 16th, 2018

Thomson Reuters unit to be renamed Refinitiv after Blackstone deal

Thomson Reuters Corp's Financial and Risk unit, in which U.S. private equity firm Blackstone Group is buying a majority stake, will be renamed Refinitiv once the deal closes, the company said in a statement on Friday......»»

Category: topSource: reutersJul 27th, 2018

Walmart Selling Majority Stake of Brazil Business in Latest International Shakeup

It's the third major international deal in as many months. Walmart Inc wmt has announ.....»»

Category: europeSource: fortuneJun 5th, 2018

Walmart sheds majority stake in Brazilian stores

Walmart has agreed to sell an 80% stake in its Brazilian business to private equity firm Advent International......»»

Category: topSource: moneycentralJun 4th, 2018